U.S. stocks continue to soar!

[GoldenFinch]

Wow! Quite a day!

[Vtsax100]

Man, I don't even want to think what it feels like sitting on the sidelines with cash on hands in the past few months.

The stuff of nightmares!

From a practical perspective how does holding cash differ from holding a bond allocation?

I think the point was being on the sidelines out of equities. Not being cash vs bonds.

[TheTimeLord]

Man, I don't even want to think what it feels like sitting on the sidelines with cash on hands in the past few months.

The stuff of nightmares!

From a practical perspective how does holding cash differ from holding a bond allocation?

I think the point was being on the sidelines out of equities. Not being cash vs bonds.

And my point isn't that anyone who is not 100/0? Which would be the vast majority of investors here.

[Nicolas]

I've been 50/50 this whole time, and at NO point have I been upset that only half my money was increasing by a lot.

Instead I've been happy that half my money is increasing by a lot, while at the same time, I was safe even if the market had crashed.

I can’t imagine this. During bull markets I’ve always wanted to be “all in”. Of course this means I’m chafing during bear markets but so be it. I’ve weathered a few and come out okay in the end.

[Nicolas]

Personally I feel like, if I've made a decision to buy a stock(or ETFs, which is more typical for me), I want to just buy it. The tens of cents I might save trying to set a lower limit than the current bid price is not worth missing out on actually making the purchase. I'm not interested in doing intra-day trading, if I've made a decision to buy, it is because I'm hoping the stock/fund will climb over the next several weeks/months at least, and it is only then that I might consider exiting the position. Too often when getting a feel for it myself I'd end up being pennywise pound foolish, trying to be cute setting a lower buy price in the hopes of capturing a tiny dip, only to miss out on making the purchase at all and seeing the stock/fund climb.

I agree. I’ve used limit orders and I think I’ve lost more than gained by so doing. I’m either kicking myself for trying to capture a dip and instead chasing the stock/ETF higher up, or else mad at myself for buying at market and then watching it dip shortly thereafter. There’s no way to consistently win at this.

[HomerJ]

I've been 50/50 this whole time, and at NO point have I been upset that only half my money was increasing by a lot.

Instead I've been happy that half my money is increasing by a lot, while at the same time, I was safe even if the market had crashed.

I can’t imagine this. During bull markets I’ve always wanted to be “all in”. Of course this means I’m chafing during bear markets but so be it. I’ve weathered a few and come out okay in the end.

50/50 means I've never wrong. Again, it's just a matter of perspective.

I can totally see someone who is 50/50 who would think they were ALWAYS wrong.

But that's not my mindset. My balance keeps going up, and I don't ever really think about how much higher it "could" be. But that's because I've hit my number a while ago, and it's all just gravy now.

And I'm very close to retirement. I don't have time to weather a long bear market if I was 100/0.

[Vtsax100]

Man, I don't even want to think what it feels like sitting on the sidelines with cash on hands in the past few months.

The stuff of nightmares!

From a practical perspective how does holding cash differ from holding a bond allocation?

I think the point was being on the sidelines out of equities. Not being cash vs bonds.

And my point isn't that anyone who is not 100/0? Which would be the vast majority of investors here.

No. I think you know exactly what he meant. Carry on.

[Nicolas]

I've been 50/50 this whole time, and at NO point have I been upset that only half my money was increasing by a lot.

Instead I've been happy that half my money is increasing by a lot, while at the same time, I was safe even if the market had crashed.

I can’t imagine this. During bull markets I’ve always wanted to be “all in”. Of course this means I’m chafing during bear markets but so be it. I’ve weathered a few and come out okay in the end.

50/50 means I've never wrong. Again, it's just a matter of perspective.

I can totally see someone who is 50/50 who would think they were ALWAYS wrong.

But that's not my mindset. My balance keeps going up, and I don't ever really think about how much higher it "could" be.

And I'm very close to retirement. I don't have time to weather a long bear market if I was 100/0.

I’m retired 4-1/2 years now and am 98/2 or so with my EF. But in my case I don’t need my portfolio. I’m living on my pension and even delaying SS.

[HomerJ]

I've been 50/50 this whole time, and at NO point have I been upset that only half my money was increasing by a lot.

Instead I've been happy that half my money is increasing by a lot, while at the same time, I was safe even if the market had crashed.

I can’t imagine this. During bull markets I’ve always wanted to be “all in”. Of course this means I’m chafing during bear markets but so be it. I’ve weathered a few and come out okay in the end.

50/50 means I've never wrong. Again, it's just a matter of perspective.

I can totally see someone who is 50/50 who would think they were ALWAYS wrong.

But that's not my mindset. My balance keeps going up, and I don't ever really think about how much higher it "could" be.

And I'm very close to retirement. I don't have time to weather a long bear market if I was 100/0.

I’m retired 4-1/2 years now and am 98/2 or so with my EF. But in my case I don’t need my portfolio. I’m living on my pension and even delaying SS.

Ah, the devil's in the details You can definitely weather a bear market. I have no pension.

[TheTimeLord]

The stuff of nightmares!

From a practical perspective how does holding cash differ from holding a bond allocation?

I think the point was being on the sidelines out of equities. Not being cash vs bonds.

And my point isn't that anyone who is not 100/0? Which would be the vast majority of investors here.

No. I think you know exactly what he meant. Carry on.

Not really because most people always have cash/bond assets sitting on the sidelines they could deploy if for no other reason than they are waiting for their rebalancing bands to trigger. Just like there are people who because of rebalancing bands have sold some of their equities and missed any additional upside.

[HomerJ]

From a practical perspective how does holding cash differ from holding a bond allocation?

I think the point was being on the sidelines out of equities. Not being cash vs bonds.

And my point isn't that anyone who is not 100/0? Which would be the vast majority of investors here.

No. I think you know exactly what he meant. Carry on.

Not really because most people always have cash/bond assets sitting on the sidelines they could deploy if for no other reason than they are waiting for their rebalancing bands to trigger. Just like there are people who because of rebalancing bands have sold some of their equities and missed any additional upside.

He meant people who took money out of the market, because they thought it was going to drop, and instead are watching it go up and up. It must be hard for those people.

[lostdog]

Asia Pacific is soaring.

[TheTimeLord]

I think the point was being on the sidelines out of equities. Not being cash vs bonds.

And my point isn't that anyone who is not 100/0? Which would be the vast majority of investors here.

No. I think you know exactly what he meant. Carry on.

Not really because most people always have cash/bond assets sitting on the sidelines they could deploy if for no other reason than they are waiting for their rebalancing bands to trigger. Just like there are people who because of rebalancing bands have sold some of their equities and missed any additional upside.

He meant people who took money out of the market, because they thought it was going to drop, and instead are watching it go up and up. It must be hard for those people.

I am sure that would be frustrating. Seems like there would have been an opportunity in September if that was the case.

[abuss368]

I backed up my truck tonight and put in the orders!

Can’t fill truck up any more. It is spilling over.

Tony

[CurlyDave]

There was sort of a melt even at the end, but NASDAQ is doing some more soaring in the aftermarket.

[Keenobserver]

Novice trying to invest in individual stocks for the first time (Location US).

What are people's opinion on "Limit" order when buying using etrade? E.g. the one that buys a stock say TSLA when the price hits $825.00 instead of current $855.

Is it a good idea to make "limit" orders with a buy price set to slightly lower than current price? Or if one plans on buying TSLA they should buy rightaway without waiting for it to go a little lower?

You can do that, however, no gurantee you will catch it at the limit order price. If you believe in the long term growth of the stock, why not buy it asap? If you think the stock is overpriced and will drop, is that the best stock? I personally believe in the long term growth of the Tesla, and this is a descent week to buy if you are interested as it has cooled off a little. No gurantees and understand its a risky prospect. If you dont mind the risk, I would buy tomm and hold.

[Stinky]

There was sort of a melt even at the end, but NASDAQ is doing some more soaring in the aftermarket.

Nasdaq is up tonight. So is S&P.

Low level soaring.

[Kookaburra]

I backed up my truck tonight and put in the orders!

Can’t fill truck up any more. It is spilling over.

Tony

Does your truck have a hitch? You could hook up a trailer and keep backing up.

[abuss368]

I backed up my truck tonight and put in the orders!

Can’t fill truck up any more. It is spilling over.

Tony

Does your truck have a hitch? You could hook up a trailer and keep backing up.

That is an awesome idea and one that I will have to consider. That will hold even more shares of our fund!

Tony

[dru808]

Great day, for the markets that is

[Kookaburra]

Futures up. More soaring on the menu tomorrow.

[CurlyDave]

Futures up. More soaring on the menu tomorrow.

The pre-opening is looking strong. NASDAQ and QQQ leading again. TQQQ split overnight.

[Keenobserver]

Gentlemen, let the soaring commence.

[CurlyDave]

Hit a little bit of a blip in the past few minutes, but still looking very good.

[Gufomel]

And my point isn't that anyone who is not 100/0? Which would be the vast majority of investors here.

No. I think you know exactly what he meant. Carry on.

Not really because most people always have cash/bond assets sitting on the sidelines they could deploy if for no other reason than they are waiting for their rebalancing bands to trigger. Just like there are people who because of rebalancing bands have sold some of their equities and missed any additional upside.

He meant people who took money out of the market, because they thought it was going to drop, and instead are watching it go up and up. It must be hard for those people.

I am sure that would be frustrating. Seems like there would have been an opportunity in September if that was the case.

The thing is that the market in Sept was still well above its level in Mar/Apr/May when most people got out. So the market was sitting higher than when they got out, and then in Sept “the market was going down”. It’s very difficult for someone in that situation to get back in.

[TheTimeLord]

Hit a little bit of a blip in the past few minutes, but still looking very good.

I have to admit the recent NASDAQ action has me thinking about the action we saw in Jan.-Feb. of 2018.

[CurlyDave]

Hit a little bit of a blip in the past few minutes, but still looking very good.

I have to admit the recent NASDAQ action has me thinking about the action we saw in Jan.-Feb. of 2018.

When I stand back and look at that on a 5 year chart, it is just a little tiny wiggle in a long run of soaring.

[TheTimeLord]

No. I think you know exactly what he meant. Carry on.

Not really because most people always have cash/bond assets sitting on the sidelines they could deploy if for no other reason than they are waiting for their rebalancing bands to trigger. Just like there are people who because of rebalancing bands have sold some of their equities and missed any additional upside.

He meant people who took money out of the market, because they thought it was going to drop, and instead are watching it go up and up. It must be hard for those people.

I am sure that would be frustrating. Seems like there would have been an opportunity in September if that was the case.

The thing is that the market in Sept was still well above its level in Mar/Apr/May when most people got out. So the market was sitting higher than when they got out, and then in Sept “the market was going down”. It’s very difficult for someone in that situation to get back in.

Probably incredibly difficult because with every drop you think finally this is the big one. There was a drop at the end of October too. I played the pandemic panic and was selling while lots of people here were posting about "buying the dip" and had started to get back in before we actually hit bottom. But I had a a bunch of GTC limit orders lined up to buy at set percentages off of the high otherwise maybe I wouldn't have got back in either.

[TheTimeLord]

Hit a little bit of a blip in the past few minutes, but still looking very good.

I have to admit the recent NASDAQ action has me thinking about the action we saw in Jan.-Feb. of 2018.

When I stand back and look at that on a 5 year chart, it is just a little tiny wiggle in a long run of soaring.

Yep, but I implemented my melt up protocol starting in December and we did eventually hit a couple week (if memory serves) rough patch after running up pretty aggressively at the beginning of the year. That said, I am far more active with the repositioning of my portfolio than a typical BH. But everyone needs a hobby.

[CurlyDave]

... That said, I am far more active with the repositioning of my portfolio than a typical BH. But everyone needs a hobby.

I used to do that back before I retired. It was a rougher ride for maybe a percent or two extra gain.

But I liked my job -- aerospace/defense, I designed & built things that would fly and explode and they paid me to do it -- if the only penalty was more time doing that, no big deal. But now that I am my own man, a little smoother ride is nice.

[Keenobserver]

Melt up on open, por que?

[lostdog]

And we're flat....

[TheTimeLord]

... That said, I am far more active with the repositioning of my portfolio than a typical BH. But everyone needs a hobby.

I used to do that back before I retired. It was a rougher ride for maybe a percent or two extra gain.

But I liked my job -- aerospace/defense, I designed & built things that would fly and explode and they paid me to do it -- if the only penalty was more time doing that, no big deal. But now that I am my own man, a little smoother ride is nice.

I actually enjoy managing my portfolio, probably more than I should. But everyone is a genius in a bull market.

[rockstar]

Futures up. More soaring on the menu tomorrow.

The pre-opening is looking strong. NASDAQ and QQQ leading again. TQQQ split overnight.

My TQQQ position is looking good so far this year.

[CurlyDave]

...My TQQQ position is looking good so far this year.

Mine too. I didn't know it was going to split and almost had another heart attack when I looked at the price this morning.

[TheTimeLord]

...My TQQQ position is looking good so far this year.

Mine too. I didn't know it was going to split and almost had another heart attack when I looked at the price this morning.

Congrats to you guys, I haven't had the nerve to be in TQQQ since something like the pre-split price of $140.

[2903490324]

Futures up. More soaring on the menu tomorrow.

The pre-opening is looking strong. NASDAQ and QQQ leading again. TQQQ split overnight.

My TQQQ position is looking good so far this year.

Too late to buy in TQQQ?

[rockstar]

...My TQQQ position is looking good so far this year.

Mine too. I didn't know it was going to split and almost had another heart attack when I looked at the price this morning.

Congrats to you guys, I haven't had the nerve to be in TQQQ since something like the pre-split price of $140.

It's now 6% of my portfolio. It doesn't require a lot of nerve to have such a small holding. It's basically a lottery ticket.

[rockstar]

Futures up. More soaring on the menu tomorrow.

The pre-opening is looking strong. NASDAQ and QQQ leading again. TQQQ split overnight.

My TQQQ position is looking good so far this year.

Too late to buy in TQQQ?

I buy on pull backs. I look for 3% or greater pulls backs. It always pulls back. Sometimes it takes longer to pull back than other times.

[TheTimeLord]

...My TQQQ position is looking good so far this year.

Mine too. I didn't know it was going to split and almost had another heart attack when I looked at the price this morning.

Congrats to you guys, I haven't had the nerve to be in TQQQ since something like the pre-split price of $140.

It's now 6% of my portfolio. It doesn't require a lot of nerve to have such a small holding. It's basically a lottery ticket.

I abandon my position because I expected more volatility which is detrimental in leveraged products like TQQQ.

[rockstar]

...My TQQQ position is looking good so far this year.

Mine too. I didn't know it was going to split and almost had another heart attack when I looked at the price this morning.

Congrats to you guys, I haven't had the nerve to be in TQQQ since something like the pre-split price of $140.

It's now 6% of my portfolio. It doesn't require a lot of nerve to have such a small holding. It's basically a lottery ticket.

I abandon my position because I expected more volatility which is detrimental in leveraged products like TQQQ.

I expect volatility to continue to go down as we vaccinate more and more people.

My bigger concern is the 10 year treasury yield. Once you can get a real yield, I think, people will dump high valued stocks and buy treasuries. The other alternative is to start buying real estate at these low borrowing rates and hope the home market doesn't stall when rates go back up.

[CurlyDave]

...It's now 6% of my portfolio. It doesn't require a lot of nerve to have such a small holding. It's basically a lottery ticket.

You have more nerve than me. Only 1.5% of mine, but like the TimeLord says, everyone needs a hobby.

[CurlyDave]

...My bigger concern is the 10 year treasury yield. Once you can get a real yield, I think, people will dump high valued stocks and buy treasuries. The other alternative is to start buying real estate at these low borrowing rates and hope the home market doesn't stall when rates go back up.

Funny thing there, I mentioned real estate to DW last night.

Rental prices are depressed because of the Covid eviction moratorium. That just plain can't last forever so there might be some good real estate deals available soon.

[dogagility]

Staggering about the zero line. I'll take that after yesterday's numbers.

[yog]

...It's now 6% of my portfolio. It doesn't require a lot of nerve to have such a small holding. It's basically a lottery ticket.

You have more nerve than me. Only 1.5% of mine, but like the TimeLord says, everyone needs a hobby.

Last year in March I bought an uncomfortably large slug of deep-in-the-money LEAPs in AAPL for a net premium of almost $0.00. It's fun to watch on days like today.

Thank goodness half was in Roth. The other half is going to cost me next year.

[rockstar]

Staggering about the zero line. I'll take that after yesterday's numbers.

I'm up 72bps so far today. I expected to be negative.

[Stef]

Made a mistake this week. Money transfer of monthly savings rate was delayed by a day, so couldn't buy QQQ at 314$ on Tuesday. Now it just keeps rising and already at 326$ lol. Not that it matters, but spending 48$ more just feels wrong. Still waiting to see 314$ again

Stocks go only up.

[Anon9001]

UPRO is probably a better idea than buying only NASDAQ stocks for the future.

[dogagility]

Made a mistake this week. Money transfer of monthly savings rate was delayed by a day, so couldn't buy QQQ at 314$ on Tuesday. Now it just keeps rising and already at 326$ lol. Not that it matters, but spending 48$ more just feels wrong. Still waiting to see 314$ again

Stocks go only up.

Feel for ya. I don't like money transfers either.

[AK1236]

I backed up my truck tonight and put in the orders!

Can’t fill truck up any more. It is spilling over.

Tony

That's what trailers are for.